FMU’s Business School Earns International Accreditation

From Staff Reports

AACSB International, the world’s premier accrediting agency for college and university business programs, has extended the accreditation for the Francis Marion University School of Business through 2024.

The extension means that the FMU School of Business once again has met Association to Advance Collegiate Schools of Business (AACSB) International’s high standards. Schools accredited by AACSB undergo an extensive review process every five years.

AACSB is a global nonprofit association that connects business educators, students, and businesses around the world around the common goal of preparing the next generation of business leaders. AACSB was founded in 1916. It has offices in the United States, in the Netherlands and in Singapore.

Just 840 college and university business programs around the country are accredited by AACSB.

Dr. Hari Rajagoplan, dean of the FMU School of Business, said the AACSB accreditation affirms the long-standing emphasis on high professional standards.

“We’re pleased to be extended by AACSB International for another five years,” said Rajagoplan. “The FMU School of Business is well known for graduating highly competent students with a distinctive, entrepreneurial mindset. That’s been our tradition for a long time. We work hard every day to maintain that.”

Dr. Fred Carter, FMU’s president, praised Rajagoplan and the School of Business faculty for their hard work in earning the accreditation extension.

“This is a well-deserved honor for Hari and the business faculty,” said Carter. “The effort they put year in and year out is reflected in the quality of our graduates. It really is a world class faculty — as the AACSB International accreditation attests.”

The FMU School of Business offers multiple undergraduate degrees in an array of business disciplines. It also offers a master of business of administration and a master of business administration in health care executive management.

To read the full article on SC Now, click here.

Darlington to Host NASCAR Race Weekend of May 17

by Scott Chancey

NASCAR’s season will resume the weekend of May 17 at Darlington Raceway without fans, although some details are pending, according to sources.

It’s uncertain whether just the NASCAR Cup series race will run or if it will be a full weekend that includes the Xfinity Series.

According to sources, NASCAR teams need to be in their shops to set up cars by May 1 in order to have enough time to get ready. That was not certain until Thursday when North Carolina Gov. Roy Cooper said they can do just that as an essential business, as long as there’s social distancing.

Also on Thursday, South Carolina tourism chief Duane Parrish told The State newspaper that NASCAR would come to Darlington after the season returns.

The mid-May race will take the place of the all-star race that was scheduled for May 16 at Charlotte. The status of that event is not clear.

It’s unclear if the mid-May race will count as the Southern 500 weekend. Or, if this would be a regular race weekend, and NASCAR would return to Darlington during Sept. 4-6 for the Southern 500 weekend – NASCAR’s official throwback celebration. This year’s 71st running of the Southern 500 was scheduled before the season to start at 6 p.m. Sept. 6 on NBCSN is also scheduled to start the NASCAR playoffs.

NASCAR had last raced in May at Darlington from 2005 until 2013, on either Mother’s Day Weekend or Mother’s Day. In 2014, it was an April Sunday race before the Southern 500 moved back to Labor Day Weekend in 2015. If NASCAR allows Darlington to also race in September, it would mark the first time since 2004 that the track hosted two NASCAR weekends in the same year.

Now, it’s happening.

After the spring Darlington race, Charlotte Motor Speedway will host on May 24 the Coca-Cola 600. According to the Sports Business Journal, teams preferred a race the week before that at a track within a relatively close driving distance.

Darlington meets that criteria.

Also according to the Sports Business Journal, NASCAR is developing a COVID-19 testing regimen for racing team members and anyone else at races, wherever the season resumes. Also, according to the article, the motorsports sanctioning body probably would limit the number of people at the track overall. Other possibilities could include shorter races and/or no live pit stops.

Because of the coronavirus pandemic, NASCAR had halted this season after four races with the goal to make up the events that were not held on their original dates.

To read the full article on SC Now, click here.

Senator Tim Scott, SC Chamber Take Questions from Business Owners About Economic Stimulus Package

by Cameron Crowe

U.S. Sen. Tim Scott and the South Carolina Chamber of Commerce held a teleconference to answer questions from state business owners on the economic relief package passed last week in response to the coronavirus pandemic.

A big topic Scott discussed was the paycheck protection program, which is an SBA loan that is in place to help businesses keep their workforce employed during the crisis.

Mike Reichenbach, owner of Reichenbach Ford and Lincoln in Florence, said businesses were told they could begin applying for the loans April 3. However, as of Friday morning, many banks were unable to process the loans.

Scott said this is an issue that they are working with financial institutions on, and they hope to have it fixed as soon as possible.

With $358 billion available, Reichenbach said every business owner he knows is eager to take advantage of the program.

“This is very different than a hurricane because it is not going to be over in a few days or maybe weeks or maybe months, so the name of the game is really cash retention so that businesses and my peers can stay open if this situation goes on longer than we thought,” said Reichenbach.

Harriet Hobbs, President of the Greater Darlington Chamber of Commerce, said she was thankful for Scott speaking with the chambers to provide them with more information on the stimulus package. She has also reached out to the senator’s office about having a town hall meeting with Darlington and surrounding counties.

Hobbs said her businesses did not have enough time to submit their questions ahead of Friday’s meeting. She would like to see a town hall meeting where the businesses she supports can have an opportunity to have their specific questions answered.

“I want my people to be able to sit in front of their computers and have a day or two to think, let their gerbil run on its wheel and think of the questions they want to ask him,” said Hobbs.

Greater Florence Chamber of Commerce President Mike Miller believes that Scott was able to address some concerns and make things clearer for local businesses.

Miller said Scott provided the information in a way that businesses could easily understand. He added that it was important the senator addressed several issues in the original relief proposals and explained how the money was being allocated.

Miller said while he is proud of Scott for playing such a huge role in passing this bill, he does believe there will be a need for additional legislation in the future.

“There is going to be a mad rush right now early on. With the early filers trying to get the money as soon as possible to keep themselves going, but from a funding standpoint I think everyone is well convinced there is going to have to be additional funds,” said Miller.

Miller said while he believes there are some details leaders are working to iron out, the communication as to how the programs are supposed to work has improved.

Copyright 2020 WMBF. All rights reserved.

To read the full story and watch the video on WMBF, click here.

Coronavirus Aid, Relief, and Economic Security (CARES) Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. Click here for full details.

 

Pee Dee Regional Transit Authority to Discontinue Bus Service to Myrtle Beach Due to Covid-19 Threat

by WMBF News Staff

Members of the Pee Dee Regional Transit Authority will discontinue its bus service to the Grand Strand in light of the threat from the coronavirus.

“Due to the effects of the COVID-19 virus on the hospitality industry in Horry County, PDRTA believes it prudent to discontinue bus service between both Marion and Lake City to Myrtle Beach indefinitely,” according to a press release.

The PDRTA plans to stop the bus service at 6 p.m. Monday.

At this time, all other PDRTA services remain in operation. Call (843) 665-2227, ext. 2, or check out the website for updates and additional information.

Copyright 2020 WMBF. All rights reserved.

To see the video and read the full article on WMBF, click here.

 

Florence Chamber of Commerce Urges People to Support Small Businesses

by Cameron Crowe

The Florence Chamber of Commerce is urging people to support small businesses during this uncertain time.

The President of the Greater Florence Chamber of Commerce Mike Miller spoke about Florence’s small businesses and some of the government assistance they need.

The U.S. Small Business Administration approved Governor McMaster’s request Friday morning to offer disaster assistance to the state’s small businesses.

Miller believes that several businesses will likely take advantage of small business loans, but he is not sure yet to what degree since it is unknown what the total economic damage will be or how long this crisis will last.

He said that all assistance from the federal and state governments will be critical in helping small businesses in Florence.

“The one thing we have to keep in mind, is all resources that are available and the ones yet to be announced are going to be critical because these small businesses are again the backbone of our community and we want to come out of this when it wanes and this slows down, we want them there,” Miller said.

Miller is also urging the public to support local businesses in the Pee Dee however they can. He said over 50% of the local economy is made up of small businesses. Restaurants are now take-out only and the city has designated locations throughout Florence for curbside pick-up.

Many restaurants are using delivery services such as WAITR to give customers the ability to receive meals without having to leave their homes.

Miller said people can support retailers by shopping online or purchasing gift cards. He also said the community needs to support our non-profit organizations at this time as they are in need of food and other household items that are getting bought out of stores.

“What we should all be looking for is an opportunity to continue to do business with them in the best way possible during these times. The restaurants have adapted somewhat to it by offering take out and delivery services and that is something we need to take advantage of,” Miller said.

Miller said he and the Greater Florence Chamber of Commerce stand with all small businesses in the Pee Dee and look forward to patronizing them as soon as possible.

Copyright 2020 WMBF. All rights reserved.

To watch the video and read the full article on WMBF, click here.

Gov Henry McMaster Allowing Curbside Sale of Beer and Wine by Restaurants During COVID-19 Closures

WMBF News Staff

In an effort to help restaurants hit hardest by the shutdowns imposed amid concerns surrounding the coronavirus, the Palmetto State is relaxing regulations surrounding alcohol sales.

Gov. Henry McMaster made the announcement Saturday, issuing an executive order “which directs the Department of Revenue to waive additional regulations in order to allow restaurants to include sealed containers of beer and wine for curbside pickup or “to-go” orders only.’

McMaster also extended the state’s income tax filing deadline to July 15.

The full release can be read below in it’s entirety:

COLUMBIA, S.C. – Governor Henry McMaster took additional actions today to enhance the state’s response to COVID-19’s continued impact to South Carolina.

“Team South Carolina is constantly reviewing the COVID 19 situation, and all plans and contingencies to contain this virus remain on the table,” said Gov. Henry McMaster. “That includes “shelter-in-place,” a drastic action that other states with larger population centers have taken. It is my hope that this will not be necessary here, and I believe it to be much less likely, as long as South Carolinians follow official instructions and take recommended precautions now.”

The governor has asked construction contractors and others in the skilled trade industry to donate whatever personal protective equipment they can spare to healthcare professionals and state agencies in the greatest need, including respirator masks commonly used in construction settings. Those willing to make donations can contact Mary Louise Resch of Habitat for Humanity for logistical coordination via email at mlresch@habitatsc.org.

The governor has also issued Executive Order 2020-12, which directs the Department of Revenue to waive additional regulations in order to allow restaurants to include sealed containers of beer and wine for curbside pickup or “to-go” orders only. This waiver does not authorize or apply to open containers or delivery services.

The governor also directed the Department of Revenue to conform the state’s income tax deadline to July 15th, which is the new federal income tax deadline. Other state taxes will remain delayed until June 1st, as previously ordered.

On Thursday, Governor McMaster issued Executive Order 2020-11, to ensure that critical state government services remained available to the public and to prevent potential exposure to the COVID 19 virus.

As of Friday afternoon, the Department of Administration reports that for 52 of 74 state agencies there were 13,902 state employees working from home or taking leave. There were 11,411 state employees at work. As remaining agencies report to the Department, these numbers will be updated.

Copyright 2020 WMBF. All rights reserved.

To read the full article on WMBF, click here.

 

Renovations for Carolina Theater

by Matthew Christian

The historic Carolina Theater could soon become the next building to be renovated in downtown Florence.

Florence City Manager Drew Griffin and Assistant City Manager Kevin V. Yokim presented information to the Florence City Council about a planned bond issue soon to be before the council for approval.

The potential $31.5 million bond issue includes approximately $2 million for renovations for the Carolina Theater on South Dargan Street. Originally, the city administration planned to issue the bonds in November 2020, but the recent drop in interest rates has caused the city to look at bumping those plans up to take advantage of the lower rates.

Griffin said on Wednesday the goal of the city’s renovations would be to construct a 200- to 250-seat music venue that could also host weddings and conferences and show older movies similar to the Nickelodeon Theater in downtown Columbia.

The building would also be equipped with a restaurant kitchen to cater the events.

Griffin added that the city’s downtown has venues like the Francis Marion University Performing Arts Center that can support a larger audience and several bars and restaurants downtown that host musical acts on a regular basis for smaller audiences. The city, however, does not have a venue in the middle of those two extremes, Griffin said.

The idea is to have events there, combined with the events at the bars and restaurants, and the other events downtown, to create a steady flow of people entering and returning to the city’s downtown, which further grows the market for that area, making it more attractive for developers in the future.

Local architect Scott Collins will be the lead architect on the project.

The city had previously sought to work with a developer to renovate the property but has been unable to find one willing to work on the project.

Griffin said the lack of interest from the developer resulted in the building sitting empty for several years, which caused some deterioration, thus making developing the building a necessity.

Griffin said the city acquired the theater around a decade ago.

The current Carolina Theater building was constructed in 1940 — it opened on April 1, 1940 — after the previous building burned down in a 1939 fire.

The fire happened during a mid-week showing of the movie “San Francisco,” which chronicles that West Coast city’s 1906 earthquake.

Former Morning News editor Thom Anderson said he had talked his mother into going to a showing of the movie but found smoke pouring from the building upon their arrival in the 100 block of South Dargan Street.

Prior to the fire, the theater showed cowboy movies on Wednesdays, Fridays and Saturdays, Anderson said in a column in the Morning News. At the same showing, he added, the theater usually also displayed a cartoon (this is how the Looney Tunes and Mickey Mouse got started), local advertisements, and a serial.

Serials were sort of a predecessor of TV shows in that they were shown in pieces and each piece moved the script forward. They remained popular until TV sets became popular after World War II.

The fire and two other fires that happened after the Carolina fire are considered as being the impetus for the city to begin work on a water system for the downtown.

To read the full article on SC Now, click here.

City of Florence Announces Modified Operations to Prevent the Spread of Coronavirus

by Matthew Christian

The Florence City Council passed an emergency ordinance Tuesday to deal with the coronavirus.

The ordinance passed on first reading, something that Jim Peterson said he had never seen done in his time as city attorney.

Peterson explained to the council that he has been working as city attorney since 1994 and Tuesday was the first time that the city has ever passed an ordinance with just one reading.

“The South Carolina Code specifically allows for emergency ordinances on one reading where public health and other emergency situations require,” Peterson said.

Also, because of its nature as an emergency ordinance, the city council needed to pass the ordinance by a super-majority, or two-thirds of its members.

The ordinance passed 6-0.

Florence City Councilwoman Octavia Williams-Blake did not attend Tuesday’s special meeting.

Peterson said the city was not doing anything “hugely dramatic” with the ordinance.

He said the first page and a half of the ordinance describes the state of affairs related to coronavirus, including mentioning that Gov. Henry McMaster has declared a state of emergency.

Peterson then added that the ordinance does three or four things.

First, the ordinance authorizes City Manager Drew Griffin to change the operating procedures of the city to respond to the situation.

Griffin outlined those changes to the council before Peterson spoke Tuesday afternoon.

The city’s human resources department will be closed to the public. Most hiring will be suspended through June 30.

The city’s utility finance department will remain open, but it is requested that residents strongly consider alternative methods of payment including by phone at 843-665-3155, by drop-box at the city center, by mail, automatic bank draft, or online.

All citizen’s police academy events, citizen’s advisory committees, and police Explorer scouting programs have been suspended.

The city’s police department will suspend assistance of all special road events.

All fire stations will be closed to the public and fire inspections have been suspended. All fire department public education activities are suspended as well.

All city community centers are closed until further notice. Spring break camps are canceled, senior trips and activities are suspended, and all other special events until May 15 are canceled.

All athletic programs are suspended until April 12.

All sports events and tournaments are canceled until May 15.

Bus tours and community meetings related to the update of the city’s comprehensive plan are postponed.

The planning, business license, and building departments will remain open, but access will be restricted to customers with business directly related to zoning compliance, business licenses, and building permits.

All downtown events from March 17 to May 15 are postponed. These include the Eastern South Carolina Mustang Club Regional Car Show, the Florence Wine and Food Festival, the first Florence After Five, Victors Music in the Courtyard, and the Habitat for Humanity Cinco de Mayo celebration.

Also, the city’s employee wellness program’s annual 5K has been postponed.

The ordinance authorizes Griffin to cancel city permits to prevent the gathering of over 50 people.

The city has also enacted rules to enforce a three- to six-foot barrier between employees and the public.

Florence Mayor Stephen J. Wukela also held a press conference Tuesday afternoon outlining some of the changes.

He also mentioned that the restrictions recommended by the Centers for Disease Control and DHEC will take some getting used to for Southerners because of the handshaking and greeting that goes on in the South.

Second, the ordinance allows Griffin to waive the various deadlines contained in the city ordinances in recognition that a state of emergency exists.

This part of the ordinance specifically references how utility billing will be handled including authorizing Griffin to suspend the suspension of utility services for non-payment.

“Drew has indicated that that would be what we would normally do,” Peterson said. “That’s not new. We’ve done that during other situations like this like in response to hurricane situations.”

Peterson added that he hoped the public would not take this to mean that they do not have to pay their utility bills. Those bills are still due, he said, but it recognizes that no one should lose utilities during the pandemic.

He also said Griffin would work with people who get abnormally large bills after the crisis ends to get those bills paid but not immediately.

Griffin added that penalty fees would also be suspended.

Third, he said, the ordinance acts to meet the requirements of the state’s Freedom of Information Act regarding open meetings in a situation where it’s recommended that no more than 10 or 50 people gather in any one place at one time.

The ordinance does this in two ways, Peterson continued. First, it allows the city council members, at their discretion, to participate in meetings electronically. Second, the ordinance authorizes the live streaming of the city’s meetings in a way that allows anyone to access and participate in the meeting.

Peterson added that it was the hope of the council to operate as the council was operating Thursday with increased distances between chairs and people if possible.

Nothing will change as far as the city’s duties to announce the meetings and provide agendas for the meetings to be held.

Also, the ordinance has a firm expiration date of 60 days because it was passed on one reading.

Peterson added that the ordinance contains a provision that allows for it to cease effect if Gov. Henry McMaster removes the state of emergency declaration before the 60-day time frame.

If the state of emergency remains longer than 60 days, the ordinance would expire at the end of the 60 days. However, the city could have two meetings — enough time to approve first and second readings of an ordinance setting out restrictions — by that time.

To read the full article on SC Now, click here.

Florence Chamber Still Assisting Members with Hurricane Relief Tax Credit

The Greater Florence Chamber of Commerce has a free program to assist members in the evaluation of available Federal Hurricane Relief Tax Credits.

On December 20, 2019, President Trump signed into law Disaster Relief Act of 2019 (H.R. 1865 (116)).  The tax relief legislation includes an employee retention credit to encourage employers affected by Hurricane Florence to retain employees while their businesses regain normal operations.

“Many of our members are not aware of the available tax credits that are based on lost revenue due to the hurricane,” states Greater Florence Chamber President, Michael Miller.  “Any business in the disaster area who retained employees and their business was disrupted due to the hurricane is eligible for the tax credits. By offering free evaluation to our members, we are assisting them in maximizing the tax credits that are potentially available to them.”

The free evaluations are being offered to Chamber members along with preferred tax credit vendor Synergi Partners; they can evaluate tax credit eligibility for businesses in affected hurricane disaster areas.  Synergi Partners has developed a proprietary “Operational Impact Analysis” which evaluates business revenue loss and other impacts on an individual business basis.

The tax credit can be substantial.  A small business with 25 employees could realize as much as $60,000 in tax credits with the amount increasing as the number of employees increase.

“While nearly every business with employees can be eligible for the tax credit, the evaluation to maximize the credit can be very complex,” states Miller.  “By offering this free evaluation to our members, we have a unique opportunity to engage with our members in supporting the sustainability and growth of their businesses.”

To learn more about the free tax credit evaluation of your business visit www.SynergiPartners.com/flochamber or call Cornelio “CJ” Monjarrez at (843) 610-4825 or cmonjarrez@synergipartners.com.